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Author: |
Rob Stephens, Founder of CFO Perspective, Adjunct Instructor Gonzaga University |
Course Length: |
Pages: 17 ||| Review Questions: 9 ||| Final Exam Questions: 15 |
CPE Credits: |
3.0 |
IRS Credits: |
0 |
Price: |
$44.95 |
Passing Score: |
70% |
Course Type: |
Video - Text |
Technical Designation: |
Technical |
Field Of Study: |
Accounting |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This video course provides foundational knowledge on business loans, covering when loan funding is needed, how loans are structured, and how to manage and account for them.
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Frequently Asked Questions: |
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Description: |
Business loans are a vital source of funding for cash flow management. The business loan basics course begins with ratio analysis and cash flow projections to determine whether loan funding is needed. I then explain how leverage (the use of borrowed funds) magnifies returns but increases risk. We’ll then explore key loan components like different ways interest is calculated, types of fees, and the multiple terms that can be structured into a loan. Basic accounting entries and financial statement presentation, including footnote disclosure, are explained. You’ll discover ways to reduce the interest rate on your loan. I’ll give an overview of the application process and the documents lenders frequently request. The business loan training course explains the factors and ratios banks use to decide whether to approve a loan. Key documents that are signed at loan closing are described, and the importance of each is explained. I’ll point out important clauses included in these documents. The author has 20 years of banking experience, including being CFO of two banks, sitting on loan committees, and having a collections department report to him. He provides insights into how banks operate, key terms borrowers miss, and tips to protect you or your client’s business. |
Usage Rank: |
16923 |
Release: |
2023 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
External: The Basics of Financing a Business
Internal: Business Loan Basics | Video Course for CPAs
Internal: Managing and Improving Your Cash Flow - v10
External: Commercial Banking Guide (IRS)
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
25-Oct-2025 |
NASBA Course Declaration: |
Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Keywords: |
Business Loan Basics - v13 (Video) - CPE course for CPAs |
Learning Objectives: |
Course Learning Objectives Upon completion of this course, participants will be able to do the following:
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Course Contents: |
Chapter 1 - Business Loan Basics Chapter 1 Review Questions Glossary-Index |
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